Business Administration

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Browsing Business Administration by Author "Marobhe, M.I"

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    Institutional Quality and Resource based Economic Sustainability: the Mediation Efects of Resource Governance
    (SN Business and Economic A Springer Nature Journal, 2022-01-20) Marobhe, M.I
    The discovery of extractive resources is associated with multiple opportunities and unbridled optimism on achieving socio-economic development for many countries. However, the question how the host governments meet expectations of indigenous people by ensuring an ideal resource-based economic sustainability (RES) has been receiving less research attention. Using the global panel dataset of 80 resourceendowed economies from 2010 to 2017, we postulate and empirically examine the mediating efect of the resource governance (RESOGV) on the relationship between institutional quality (IQ) and RES. The ANOVA and post hoc ANOVA results revealed signifcant disparities in terms of IQ, RESOGV, and RES among countries with diferent levels of economic development, regions, and sector (mining or petroleum). Moreover, the fixed effects (FE) and ordinary least square (OLS) results confirmed that IQ marginally influenced RES. However, the influence was more pronounced when it was partially (but complementary) mediated by the RESOGV. The paper, therefore, stresses the importance of host governments in improving the quality of their institutions. This will ultimately help enhancing their RESOGV capabilities for attaining economic, social and environmental sustainability.
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    The Nexus between Dividend Policy and Financial Gearing of Listed Non Financial Companies in Tanzania
    (International Journal of Business and Administrative Studies, 2019-10-26) Marobhe, M.I; Hembe, Luciana
    Abstract: Abstract This paper intends to explore the relationship between dividend policy and financial gearing of listed non-financial companies in Tanzania. A case study of seven (7) non-financial companies listed at Dar es Salaam Stock Exchange (DSE) was used to assess this phenomenon. Unbalanced panel data from these companies’ annual reports were used, covering 2002 to 2018. Generalized linear regression analysis was used to examine the phenomenon mentioned above with Akaike Information Criterion (AIC) and Beysian Information Criterion (BIC) to select the most appropriate models. The results from generalized linear regression analysis indicated that companies with higher dividend payouts have lower gearing. Further results show that higher dividend payouts are associated with a lower cost of debts as debt providers deem these companies to be stable and less risky. So this study urges profitable firms to pay out dividends as a sign of financial strength which eventually reduces the cost of debt. But caution must be taken by financial managers to ensure that a sufficient amount of internal funds are retained after paying dividends for future endeavours.